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10 things you need to know before the opening bell on June 11

Updated : 2019-06-11 08:40:34

Indian shares are likely to open little changed on Tuesday, tracking muted trades in global markets. Traders await retail inflation and industrial production data due to be released this week for cues about the health of Indian economy. At 7.05 AM, SGX Nifty, an early indicator of the Nifty 50's trend in India, traded 9.50 points higher at 11,951, indicating a flat start for the Sensex and the Nifty 50.

1. Global Stocks: MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.2 percent. Australian stocks rose 0.9 percent, South Korea's KOSPI added 0.15 percent and Japan's Nikkei edged up 0.05 percent. The Dow Jones Industrial Average rose 78.74 points, or 0.3 percent, to 26,062.68, the S&P 500 gained 13.39 points, or 0.47 percent, to 2,886.73 and the Nasdaq Composite added 81.07 points, or 1.05 percent, to 7,823.17. (Image: Stock Image)
1. Global Stocks: MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.2 percent. Australian stocks rose 0.9 percent, South Korea's KOSPI added 0.15 percent and Japan's Nikkei edged up 0.05 percent. The Dow Jones Industrial Average rose 78.74 points, or 0.3 percent, to 26,062.68, the S&P 500 gained 13.39 points, or 0.47 percent, to 2,886.73 and the Nasdaq Composite added 81.07 points, or 1.05 percent, to 7,823.17. (Image: Stock Image)
2. Market At Close On Monday: Indian benchmark indices ended higher on Monday, following the trend in global markets. Gains in the domestic indices were led by IT and FMCG stocks. The Sensex ended 169 points higher at 39,784, while the broader Nifty50 index added 52 points to end at 11,923. Among broader markets, the Nifty Midcap was flat, while the Nifty Smallcap index fell 0.6 percent. (Image: Stock Image)
2. Market At Close On Monday: Indian benchmark indices ended higher on Monday, following the trend in global markets. Gains in the domestic indices were led by IT and FMCG stocks. The Sensex ended 169 points higher at 39,784, while the broader Nifty50 index added 52 points to end at 11,923. Among broader markets, the Nifty Midcap was flat, while the Nifty Smallcap index fell 0.6 percent. (Image: Stock Image)
3. Crude Oil: Front-month Brent crude futures, the international benchmark for oil prices, were at $62.36 at 0023 GMT, 7 cents, or 0.1 percent, above Friday's close. US West Texas Intermediate (WTI) crude futures were at $53.42 per barrel, 16 cents, or 0.3 percent, above their last settlement. Prices fell by around 1 percent in the previous session and crude futures are down by some 20 percent from their 2019 peaks in late April, dragged lower by a widespread economic downturn that has started to impact oil consumption. (Image: Reuters)
3. Crude Oil: Front-month Brent crude futures, the international benchmark for oil prices, were at $62.36 at 0023 GMT, 7 cents, or 0.1 percent, above Friday's close. US West Texas Intermediate (WTI) crude futures were at $53.42 per barrel, 16 cents, or 0.3 percent, above their last settlement. Prices fell by around 1 percent in the previous session and crude futures are down by some 20 percent from their 2019 peaks in late April, dragged lower by a widespread economic downturn that has started to impact oil consumption. (Image: Reuters)
4. Currency: The rupee surrendered all its early gains and closed 19 paise lower at 69.65 against the US dollar on Monday amid strengthening of the greenback against Asian currencies and rising crude oil prices. On Tuesday, the dollar was down 0.05 percent at 108.370 yen after gaining 0.2 percent overnight. (Image: Reuters)
4. Currency: The rupee surrendered all its early gains and closed 19 paise lower at 69.65 against the US dollar on Monday amid strengthening of the greenback against Asian currencies and rising crude oil prices. On Tuesday, the dollar was down 0.05 percent at 108.370 yen after gaining 0.2 percent overnight. (Image: Reuters)
5. Sebi on Monday proposed an informant mechanism to blow the whistle on insider trading cases, wherein genuine whistleblowers could get the monetary reward of Rs 1 crore as well as amnesty from regulatory action. Proposing a mechanism that provides
5. Sebi on Monday proposed an informant mechanism to blow the whistle on insider trading cases, wherein genuine whistleblowers could get the monetary reward of Rs 1 crore as well as amnesty from regulatory action. Proposing a mechanism that provides "near absolute confidentiality along with appropriate safeguards", Sebi said it would help strengthen the mechanism for early detection of insider trading cases. (Image: Reuters)
6. The system-wide non-performing assets stock has declined massively to 9.3 percent in March 2019, much faster than the Reserve Bank's estimate and steeply down from 11.5 percent the year before, says a report. The Crisil report comes at a time when most banks are at the cusp of an end of the NPA pains after a prolonged period and are concentrating on the resolution now. (Image: Reuters)
6. The system-wide non-performing assets stock has declined massively to 9.3 percent in March 2019, much faster than the Reserve Bank's estimate and steeply down from 11.5 percent the year before, says a report. The Crisil report comes at a time when most banks are at the cusp of an end of the NPA pains after a prolonged period and are concentrating on the resolution now. (Image: Reuters)
7. Mutual Fund Inflows: Fixed Maturity Plans witnessed outflow for the second straight month in May as investors pulled out Rs 1,797 crore from the schemes, amid many non-banking finance companies grappling with debt woes. However, latest data from Amfi showed that average Assets Under Management (AUM) of mutual funds rose to Rs 25.43 lakh crore in May from Rs 25.27 lakh crore in the previous month on the back of increased inflows into equity-linked schemes. In May, retail investment through Systematic Investment Plans (SIPs) declined to Rs 8,183 crore from Rs 8,238 crore in April. (Image: Reuters)
7. Mutual Fund Inflows: Fixed Maturity Plans witnessed outflow for the second straight month in May as investors pulled out Rs 1,797 crore from the schemes, amid many non-banking finance companies grappling with debt woes. However, latest data from Amfi showed that average Assets Under Management (AUM) of mutual funds rose to Rs 25.43 lakh crore in May from Rs 25.27 lakh crore in the previous month on the back of increased inflows into equity-linked schemes. In May, retail investment through Systematic Investment Plans (SIPs) declined to Rs 8,183 crore from Rs 8,238 crore in April. (Image: Reuters)
8. Banks will now provide cheque books and other facilities to basic account holders, with the Reserve Bank of India relaxing the norms on Monday. However, the banks cannot ask the account holders to maintain any minimum balance in lieu of such facilities. (Image: Reuters)
8. Banks will now provide cheque books and other facilities to basic account holders, with the Reserve Bank of India relaxing the norms on Monday. However, the banks cannot ask the account holders to maintain any minimum balance in lieu of such facilities. (Image: Reuters)
9. FIIs & DIIs: Foreign institutional investors (FIIs) bought shares worth Rs 216 crore on a net basis in the cash market, while domestic institutional investors (DIIs) bought shares worth Rs 171 crore.
9. FIIs & DIIs: Foreign institutional investors (FIIs) bought shares worth Rs 216 crore on a net basis in the cash market, while domestic institutional investors (DIIs) bought shares worth Rs 171 crore.
10. US-China Trade War: US President Donald Trump said on Monday he was ready to impose another round of punitive tariffs on Chinese imports if he cannot make progress in trade talks with China's President at a Group of 20 summit later this month. Since two days of talks to resolve the US-China trade dispute last month in Washington ended in a stalemate, Trump has repeatedly said he expected to meet President Xi Jinping at the June 28-29 summit in Osaka, Japan. China has not confirmed any such meeting. (Image: Reuters)
10. US-China Trade War: US President Donald Trump said on Monday he was ready to impose another round of punitive tariffs on Chinese imports if he cannot make progress in trade talks with China's President at a Group of 20 summit later this month. Since two days of talks to resolve the US-China trade dispute last month in Washington ended in a stalemate, Trump has repeatedly said he expected to meet President Xi Jinping at the June 28-29 summit in Osaka, Japan. China has not confirmed any such meeting. (Image: Reuters)
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